Asian economies, along with related exchange traded funds (ETFs), are amongst the fastest growing in the world, especially after the global economic hiccup. Let’s take a look at how the Asian markets are doing now.
Asia’s central banks may not be able to tighten monetary policy as high employment begins to pressure politics, remarks Michael Dwyer for Bloomberg. High unemployment along with weak inflation should help keep interest rates on hold for a while.
Accelerating economic growth and an upswing in global trade in the second half of 2009 could provide the necessary foothold for Asian economies. Duncan Wooldridge, chief Asia economist at UBS in Hong Kong, estimates that Asia ex-Japan will grow 4.1% this year and 6.6% next year.
Global projections for Asian markets are fairly optimistic, especially among commodity markets expected to support the region, according to RTTNews.